Huge Breakout on $RIOT Blockchain mo's long desc triangle break
Actualizado
Riot and Marathon Patent uses to trade neck and neck, shorts got in control and it is not half the Market Cap of MARA.
Both Miners reported numbers today and RIOTS were actually better than MARA's.
MARA and RIOT rallied 15% yesterday and the shorts thought they got lucky with the bitcoin flash crash on Fed Release that sent the stocks down 5%, but it quickly reversed and left them trapped as it rallied hard through resistance on high volume. As long as bitcoin stays where it is at they will be forced to close their +17M Share short positions.
RSI, MACD broke out and showing great strength.
OBV broke to a new high above tough resistance today.
Both Miners reported numbers today and RIOTS were actually better than MARA's.
MARA and RIOT rallied 15% yesterday and the shorts thought they got lucky with the bitcoin flash crash on Fed Release that sent the stocks down 5%, but it quickly reversed and left them trapped as it rallied hard through resistance on high volume. As long as bitcoin stays where it is at they will be forced to close their +17M Share short positions.
RSI, MACD broke out and showing great strength.
OBV broke to a new high above tough resistance today.
Nota
EARNING RELEASE is next week to and after the great numbers reported today it will be explosive. All analyst rate this stock a STRONG BUY with an $48 avg price target.After the numbers today, we could see that number go way up. Riot was trading at $79.50 earlier in the year when bitcoin was lower than it is now.
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